Avacta and Daewoong form cell and gene therapies JV

8 January 2020

UK-based Avacta Group (AIM: AVCT) and Korean pharma Daewoong Pharmaceutical (KSX: 069620) are to form a joint venture (JV) aimed at developing cell and gene therapies incorporating the Cambridge-based company’s Affimer proteins.

Mesenchymal stem cells (MSC) are promising agents for autoimmune and inflammatory diseases. The JV will develop a new class of MSCs that are primed to produce Affimer proteins, which will enhance the immune-modulatory effect when administered to patients, by reducing inflammatory or autoimmune responses.

Off-the-shelf products planned

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